An Insurance Company Is Suing 200 Illinois Towns For Not Being Better Prepared For Climate Changehttp://www.businessinsider.com/farmers-sues-towns-over-climate-damage-2014-5/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 18 Feb 2018 00:51:49 -0500Rob Wilehttp://www.businessinsider.com/c/537b80b469beddab40384faaExJurisTue, 20 May 2014 12:20:04 -0400http://www.businessinsider.com/c/537b80b469beddab40384faa
I see NO semantic difference between this and someone trying to obtain insurance AFTER something has already damaged their property. Neither is appropriate. Both are trying to recover their loss after the fact. The insurance company actuaries should have known the risk factors before issuing/renewing any policy/policies.http://www.businessinsider.com/c/537b7c58ecad04912a8bae3cdknolaTue, 20 May 2014 12:01:28 -0400http://www.businessinsider.com/c/537b7c58ecad04912a8bae3c
Farmers is the absolute worst. They will try to take everything away from you after you have paid into the system. And signed contracts? Forget about it, they'll ignore what ever they want with out any repercussions.
Truly evil company.http://www.businessinsider.com/c/537b673e69bedd5c4f384faedon.mccoy.142Tue, 20 May 2014 10:31:26 -0400http://www.businessinsider.com/c/537b673e69bedd5c4f384fae
It seems to me that Farmer's shouldn't have sold insurance in an area they thought was too high a risk. The CORRECT answer is NOT to sell the insurance, take the people's money, and then refuse to fulfill your end of the contract once it's your turn to deliver.
Farmers should maybe observe an area before they promise to cover it. I hope the court tells them to pound salt.http://www.businessinsider.com/c/537ae4f1ecad045f01ce8baaHarold GTue, 20 May 2014 01:15:29 -0400http://www.businessinsider.com/c/537ae4f1ecad045f01ce8baa
Exactly!
The insurance company is supposedly quantifying the risk and then charging an appropriate premium. Farmers just admitted that they are incompetent and therefore should not have to fulfill their contractual obligation.
If that is the case, why isn't the Illinois state insurance commissioner, or equivalent, investigating Farmers?http://www.businessinsider.com/c/537ac5e4ecad04a916ce8ba8Barb WireMon, 19 May 2014 23:03:00 -0400http://www.businessinsider.com/c/537ac5e4ecad04a916ce8ba8
So Farmers is claiming the cities should have foreseen climate change and improved their sewers and storm water drains. If this was all so foreseeable, shouldn't Farmers also have known that the sewers and drains would be inadequate?
If Farmers didn't know, then why should the cities? If Farmers did know, why didn't it decline to provide insurance or charge higher premiums? It sounds as if Farmers wrote policies that put the company at substantial risk, and is now using the courts to try to avoid paying up.http://www.businessinsider.com/c/537a135669bedd6725868b03Alligator BreathMon, 19 May 2014 10:21:10 -0400http://www.businessinsider.com/c/537a135669bedd6725868b03
What are you, a Famer's agent?http://www.businessinsider.com/c/537a0787ecad04ca6fea9725Uh UhhMon, 19 May 2014 09:30:47 -0400http://www.businessinsider.com/c/537a0787ecad04ca6fea9725
If you think insurance is a scam, READ THE DAMN POLICY BEFORE SIGNING IT!http://www.businessinsider.com/c/5379cd24eab8ea2c70c2b5cfHorrorMon, 19 May 2014 05:21:40 -0400http://www.businessinsider.com/c/5379cd24eab8ea2c70c2b5cf
You are right. This doesn't match well with the propaganda of those scrupulous coal mine owners.http://www.businessinsider.com/c/5379695069beddcc0d83710fHuh?Sun, 18 May 2014 22:15:44 -0400http://www.businessinsider.com/c/5379695069beddcc0d83710f
The states do not require you to have insurance. The mortgage company does.http://www.businessinsider.com/c/537961db69bedded7083710fSteve GSun, 18 May 2014 21:43:55 -0400http://www.businessinsider.com/c/537961db69bedded7083710f
At least $218 in damages. Mind = blownhttp://www.businessinsider.com/c/53795836eab8ea5860445bf3StevexSun, 18 May 2014 21:02:46 -0400http://www.businessinsider.com/c/53795836eab8ea5860445bf3
Farmers insurance is scumhttp://www.businessinsider.com/c/537952b56bb3f7ef0ea345f5James1Sun, 18 May 2014 20:39:17 -0400http://www.businessinsider.com/c/537952b56bb3f7ef0ea345f5
Of course they are. Insurance is a scam. Always has been. And these guys don't give a shit. They will fleece every single insurance enrollee for everything they're worth. "Climate change" is simply an excuse for them. They are taking advantage of it before it is discredited. And assuming they win the argument, they will not have to return their winnings should climate change be properly refuted in court.http://www.businessinsider.com/c/53794d596bb3f71e03a345f5daytongarminSun, 18 May 2014 20:16:25 -0400http://www.businessinsider.com/c/53794d596bb3f71e03a345f5
$218 wow, the insurance companies must really be hurtinghttp://www.businessinsider.com/c/53794d5669bedd7f2283710fianeassonrogerscomSun, 18 May 2014 20:16:22 -0400http://www.businessinsider.com/c/53794d5669bedd7f2283710f
218 bucks????http://www.businessinsider.com/c/5379488969bedd7a7e837112Sonoran DesertSun, 18 May 2014 19:55:53 -0400http://www.businessinsider.com/c/5379488969bedd7a7e837112
Wow, Farmers is being really frugal these days only asking for $218 back. Top notch editing per usual, BI.http://www.businessinsider.com/c/5379481569bedd150d83710fWe Todd DidSun, 18 May 2014 19:53:57 -0400http://www.businessinsider.com/c/5379481569bedd150d83710f
Dunh du dunh du duhn du duhn!
Good luck with that....unless you got Holder on your side.http://www.businessinsider.com/c/5379470feab8ea5e26445bf2PetuniaSun, 18 May 2014 19:49:35 -0400http://www.businessinsider.com/c/5379470feab8ea5e26445bf2
Home owners insurance never pays out anywhere near the amount of damage caused by weather events. I have been thru 4 hurricanes in Florida and twice they said the damage was less than the deductible which was 2% of home value and they didn't pay. My premiums were 4K and I didn't live near the water. When my whole tile roof was damaged they paid to only replace some missing tiles. Insurance is a waste of money. If I had the premium money I could have repaired all the damage easily.
Lobby your state legislature to repeal mandatory insurance on homes.http://www.businessinsider.com/c/5379463c6bb3f7fd64a345f3Climate WeenieSun, 18 May 2014 19:46:04 -0400http://www.businessinsider.com/c/5379463c6bb3f7fd64a345f3
Of course they do!
Insurers get rich on premiums when they frighten people into insurance they don't need:
<a href="http://www.cnbc.com/id/101460458" target="_blank" rel="nofollow" >http://www.cnbc.com/id/101460458</a>
But they should sell more SharkNado insurance - I never used to hear about SharkNadoes
and now they're all over tv.